Global law firm Ashurst has advised a number of financiers in relation to the project financing of the Hillston Solar Farm, located in NSW.
Firm: Ashurst (Export Development Canada, Natixis, and Commonwealth Bank of Australia).
Deal: Export Development Canada and Natixis have been advised as financiers of the Hillston Solar Farm, while Commonwealth Bank of Australia has been advised as agent and security trustee in relation to the project financing.
Area: Finance, projects.
Key players: The Ashurst team was led by partner Chris Redden, with support provided by counsel Douglas Fung, lawyer Fiffy Che and graduate Joanna Ma (project finance); partner Dan Brown (international projects group); consultant Diane Skapinker and senior associate Robyn Dimis (real estate); partner Ian Kellock, counsel Bronwyn Kirkwood and lawyer Laura Scro (tax); senior associate Phoebe Chen and junior associate Yeqi Fei (global markets, China).
Deal significance: The 120-megawatt Hillston Solar Farm located in NSW is being developed by Amp Power Australia Pty Limited, the Australian operating company of global clean energy developer Amp Energy.
As per a statement from Ashurst, the solar farm is expected to begin energisation in early 2022 and will generate approximately 235,000GWh per year (the equivalent capacity to power approximately 48,000 homes annually).
Lead partner Chris Redden noted: “We are delighted to have advised Export Development Canada and Natixis as financiers, and Commonwealth Bank of Australia as agent and security trustee in relation to the project financing of the 120MW Hillston Solar Farm in New South Wales for Amp Energy”.
“The Hillston Solar Farm is a significant development by Amp Energy and continues its impressive track record of developing renewable energy projects in Australia.”